Stocks Surge on Trump’s Temporary Tech Tariff Exemptions

U.S. stocks experienced a significant rally on Monday, buoyed by President Donald Trump's announcement of temporary tariff exemptions for smartphones, computers, and various electronics imported from China. The Dow Jones Industrial Average rose 250 points, while the S&P 500 and Nasdaq also saw gains, reflecting renewed optimism in the tech sector. However, uncertainty remains as Trump clarified that these exemptions are temporary and that the products would still face existing tariffs related to the fentanyl trade. Analysts expressed caution, noting that the inconsistent messaging from the administration continues to create market jitters. Meanwhile, markets in Europe also surged, with major indices like the DAX and CAC 40 posting gains, highlighting a broader positive sentiment in global equities. Investors are keenly awaiting further developments regarding tariffs, especially concerning semiconductors and the electronics supply chain.